Published on: September 8, 2022, 05:04h.
Last update on: September 8, 2022, 05:05h.
A new 19-story, 340-room hotel is planned for an industrial plot adjacent to Allegiant Stadium, according to a new report in the Las Vegas Review-Journal. It would be the latest proof that the Raiders’ 65,000-seat stadium is successfully pushing the Las Vegas Strip in its only undeveloped direction – south.
The $275 million hotel would be built one block from Allegiant on Polaris Avenue, half a mile west of Mandalay Bay. According to RJ.
Chet Nichols, president of Las Vegas real estate firm New Angle Development, which manages the project, told the newspaper he hopes to break ground in early 2024. But first, the Clark County Commission must approve. (The project is scheduled to be reviewed on October 4.)
The proposed hotel site is in the county-designated New Stadium District, a mostly industrial area surrounding the stadium that officials plan to redevelop.
South of the current border
When the Raiders played their first game with fans in attendance at Allegiant on Sept. 13, 2021, the team’s new $1.9 billion home instantly transformed the southern tip of the Strip into its brand new sports hub.
Since then, Los Angeles-based developers Oak View Group have announced plans for what they hope will be the future south end of the Strip. Their $3 billion NBA-ready arena and entertainment district with 20,000 seats and a 2,000-room hotel-casino is set to begin construction next year in the former sticks of Blue Diamond Road in just over 8 km south of Mandalay Bay. Scheduled to debut in 2026, it will occupy 25 acres near the intersection of I-15 and I-215, adjacent to the Las Vegas terminal for the Brightline high-speed rail project between LA and Las Vegas.
“The South of the Las Vegas Strip represents one of the few areas of potential future growth for the gaming and entertainment corridor,” Oak View Group CEO Tim Leiweke said in a press release.
In July, Station Casinos paid $172.4 million for 126 acres of land to build a new casino complex three miles further south, at the southwest corner of Las Vegas Boulevard and Cactus Avenue.
Also in July, the cornerstone of the $550 million Dream Las Vegas hotel-casino is set to open with 531 rooms half a mile south of Mandalay Bay in 2024.
Last year, attendance at all Allegiant events topped one million, 469,000 of which came from NFL games, according to figures provided by the Raiders to the Las Vegas Stadium Authority.
Unsurprisingly, Nichols told the RJ he wouldn’t have chosen the project site for his new hotel if not for the huge hall nearby.